Infosys (NASDAQ:INFY) May Have Seen 4,000 Staff Exits in February

Brokerage firm CLSA said over 4000 employees may have resigned from Infosys in February alone largely driven by an uptick in business environment that has created a huge demand for talent after a lull The normal attrition numbers in Indias second-largest software exporter is around 1200 employees a month

There is quite a bit of industry chatter that 4000-4200 employees have resigned at Infosys in February This is not officially confirmed by the management but multiple sources are claiming the same number including industry blogs CLSA said in a note to its clients However Infosys group HR head said it was not true

The information is grossly incorrect Attrition has been increasing in the past three months and this is largely because after two years jobs are picking up But the 4000 number is not true he told ET NOW on Thursday

The note further said that the number is important as 4000 in a month is a big number compared with the normal attrition levels which would be around 1200 employees a month on a total headcount of 110000 (Economic Times)